Which of the Following Is Not a Basis for Trade

question 41

Multiple Choice

Which of the following is not a basis for trade between two nations?

• A)different skill levels of the labor forces
• B)one nation's absolute advantage
• C)a difference in tastes between countries
• D)economies of scale
• E)different capital stocks

Recompute standard times with adjusted allowances to understand the impact of changing allowance values.

Understand the relationship between observed times, performance ratings, and allowances in determining standard times.

Analyze changes to time measurements based on modifications to activity descriptions or conditions.

Apply statistics to ensure confidence in standard time calculations based on observed times and standard deviations.

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Definitions:

Monetary Benefits

Financial compensation and rewards given to employees, including salaries, bonuses, and other forms of pay for services rendered.

Performance Exceeds

A situation where an individual's or group's work output surpasses the expected standards or objectives.

Occupational Intimacy

The degree of personal fulfillment and satisfaction one derives from their occupation or job role.

Job Satisfaction

The level of contentment employees feel about their job roles, which can influence their motivation, performance, and retention in an organization.